The real estate market across the country has had so much negative media lately that it is rare to hear anything positive. With depreciation of home values at the top of the list it is hard to know how to have perspective on the information fed to us daily. The Salem housing market obviously benefited from the housing boom in recent years – seeing double digit appreciation. Fortunately, the appreciation numbers were not too abnormal and now the benefit shines through the negative attention towards the market.
I read in an article today at www.housingpredictor.com that Salem, Oregon is the 2nd hottest housing market in the US. Housingpredictor.com places Salem in the 2nd position for forecasted appreciation in 2008 at 4.7%.
Although we’ve definitely noticed a slow down in real estate sales in 2008, it is important to keep the news we hear in perspective. Now is a great time if you’re looking to purchase your first home or an investment property!